When you’re in need of money quickly, same day payday loans are going to be one of the most reliable ways to do so. They are, however, one of the most expensive ways! Fortunately, there are a lot of different things that you can do to reduce the amount that they cost you, and all of these methods are pretty easy to do! In this post I want to show you what you can do for both online and local loans so that you can get the cash that you need without having to spend a fortune on it.

Local loans are always going to be the fastest way to get paid. Rather than waiting on your bank to post the funds transfer to your account like you would with an online loan, you get cut a check on the spot. The easiest way to save money on these loans is to call around to different lenders to see what their current rates are. This only takes a couple of minutes, and while you’re on the phone with them be sure to ask what paperwork you’re going to need to bring with you. Time is money and wasting time driving around to get the paperwork you need is just a waste!

Online loans are a bit different since not all lenders are clear about their rates. The easy way around this is to only work with the ones that are willing to be upfront with what they charge. You can then compare rates directly instead of gambling on whether or not something is going to be affordable. There are also lenders that offer first time borrower discounts, which can save you a ton in interest charges as well.

Saving money on your instant approval payday loan is not hard to do, but you have to do it. If you skip this part of the borrowing process you’re wasting money that will hurt you when it’s time to pay the loan back!